Morning Business Headlines: 6/20/2014

Friday, June 20, 2014 12:20 PM

Twitter splits former
COO's duties between two executives

Reuters:
Twitter Inc. split the roles of recently departed chief operating officer Ali
Rowghani at a time when the microblogging site is seeking to revive slowing
user growth. Adam Bain is in charge of revenue and partnerships while Gabriel
Stricker is responsible for marketing and media, according to their latest
Twitter profiles.

American Apparel board
prepares for fight with fired founder

CNNMoney:
The American Apparel Inc. board learned earlier this year of
"disturbing" information that suggested misconduct by company founder
Dov Charney, board member Allan Mayer told CNNMoney. Charney was ousted from
American Apparel earlier this week, and Mayer also told CNNMoney that the
company is prepared for a fight. "[Charney] certainly indicated that he
was not going to accept it," said Mayer.

Wealthy Clintons use
trusts to limit estate taxes; you can too

Bloomberg:
Want to limit your exposure the estate taxes on wealthy Americans? Take
these tips out of the financial strategies of Bill and Hillary Clinton, who
support the taxes but who also use these investment strategies to limit their
own tax liability.